American Eagle Outfitters said on Thursday it expects revenue and operating income for the second quarter to be above the prior forecast, sending its shares …
Forecast
Fast Retailing Raises Forecast as Operating Profit Surges
Japan’s Fast Retailing , the owner of clothing brand Uniqlo, reported on Thursday that its nine-month operating profit soared 22 percent. Profit rose to 330.6 …
Nike Expected to Forecast Profit Below Wall Street Estimates
Nike is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant’s products from wholesalers such as Foot Locker and …
Abercrombie & Fitch Raises 2023 Sales Forecast
Abercrombie & Fitch Inc on Wednesday reported a surprise quarterly profit and raised its annual sales forecast, as the apparel retailer bets on its efforts …
Tapestry Lifts Forecast as Coach Bags Defy US Luxury Gloom
Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China …
Coty’s Fragrances Sweeten Profit Forecast After Strong Beat
Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and resilient …
Cucinelli Posts 33% Rise in Q1 Sales, Confirms 2023 Revenue Growth Forecast
Sales at Italian luxury group Brunello Cucinelli rose 33 percent at constant exchange rates in the first quarter, driven by strong growth in the Americas …
Cucinelli Raises Sales Growth Forecast for 2023
Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15 percent, up from its previous estimate of 12 percent, …
Shopify Drops as Revenue Outlook Misses Analysts’ Forecast
Shopify Inc. tumbled in after-hours trading after giving a sales outlook for the start of the year that fell short of analysts’ estimates, a sign …
Tapestry Raises Annual Profit Forecast
Luxury group Tapestry Inc raised its annual profit forecast on Thursday, helped by resilient demand and its strategy to largely use company-owned stores and its …
Superdry Cuts Full-Year Profit Forecast to Breakeven
Britain’s Superdry, on Friday, cut its profit forecast for the year and now expects to broadly break even as its wholesale segment underperformed amid rising …
Cucinelli Tops Forecast With Near 30% Sales Jump in 2022
Italian luxury group Brunello Cucinelli on Monday posted a 29.1 percent increase in 2022 revenue at current exchange rates, a touch above its latest guidance …
Lululemon Tumbles After Lowering Profitability Forecast
Lululemon Athletica Inc. shares tumbled after the maker of fitness wear lowered its guidance for gross margin, stoking fears about profitability for a second-straight quarter. …
Abercrombie & Fitch Lifts Holiday Quarter Sales Forecast
Abercrombie & Fitch Co raised its holiday quarter sales forecast on Monday on strong demand for its brands during the peak holiday selling period, sending …
Lululemon Raises Annual Revenue Forecast on Strong Demand for Sportswear
Lululemon Athletica Inc raised full-year revenue forecast on Thursday, signaling strong demand from affluent US consumers for its high-priced yoga pants, running shorts and belt …
Primark Owner Sticks to Forecast of Lower Profit in 2022-23
Associated British Foods said trading at its Primark fashion retail business had made an “encouraging” start to the 2022-23 year as it reiterated a forecast …
Farfetch Stock Plunges Following 2023 Forecast
Farfetch on Thursday said it expects to return to growth next year after reporting its first year-on-year decline in sales on its platforms in the …
Nordstrom Cuts Profit Forecast on Soaring Costs
Nordstrom Inc. trimmed its annual profit forecast on Tuesday, signaling that steep discounts on outdated inventory, coupled with higher operating costs and supply chain pressures, are …
Amazon Shares Plunge on Forecast for Sluggish Holiday Sales
Amazon.com Inc. projected sluggish sales for the holiday quarter as the e-commerce giant contends with slower growth and consumers cutting their spending in the face …
Kohl’s Falls After Fresh Forecast Cut on Inflation Pressure, Sephora to Expand Into Kohl’s Stores
Kohl’s Corp. shares sank after the company slashed full-year earnings and sales guidance for the second straight quarter as inflation suppresses demand and costs continue …